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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (17410)	7/30/1998 5:33:00 PM
From: Lachesis Atropos	Respond to of 68465

Harry if one looks at distributions, one sees less variance on the distribution above an MA on the one below the MA. Less variance usually is a better indicator. In other words, using this type of indicator will signal short sells better than long signals. This is just an observation from individual stocks and not indices. I haven't looked at indices. Good point: coupled with the 30 year bonds yields moving above their 6 month moving average indicates money is coming out of the broader market, but not going into bonds. It seems to indicate money is not moving into safer asset classes but just being parked. Until you stated the above comment, I did not know how to relate bonds and the market. Thanks. Lachesis

To: Johnny Canuck who wrote (17410)	7/30/1998 11:40:00 PM
From: Clint E.	Read Replies (2) \| Respond to of 68465

Hello Harry. >>>My general feeling is that there will be more money to be made on the short side then the long side for the the next few weeks. I am glad that you state this on an up day. I agree. We haven't seen the bottom yet. One weekly trading pattern that could be developing is to short stocks on Monday morning, cover on Wed. afternoon, buy on Thurs. morning and sell on Friday. >>>I don't know how people are surviving in places like Texas though. It is not that bad. Only those who must work outside suffer but in general I don't know what all the fuss is about since most people have A/C at home, in their automobiles, and place of work. Twenty five years ago, I lived in my hometown where the average temperature during the Summer was ~45 degrees C without access to central A/C. Of course, I don't leave there anymore but I am going back for a month visit next Aug. It will be interesting to see how my spoiled nature will survive over there! Clint